ines. >> thank you very much, catherine. >>> u.s. president barack obama has signed a bill to give the government new regulatory powers over financial institutions. it's the biggest overhaul of financial rules since the great depression in the 1930s. obama put the bill into law on wednesday. he wants to avoid a repeat of the global economic crisis triggered by the 2008 collapse of u.s. investment bank lehman brothers. the controversial bill took more than a year for the congress to pass it. >> because of this law the american people will never again be asked to foot the bill for wall street's mistakes. >> but obama added the economy still needs fixing and urged his colleagues to work tirelessly for their legislation to take hold. the new regulation include a uniform oversight of the financial industry, bringing major investment banks and insurance firms under the watch of the authorities. the legislation will also create a new federal agency to protect consumers from complex financial products. >>> federal reserve chairman ben bernan